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2017 (4) TMI 819 - AT - Income TaxDisallowance of depreciation invoking of section 40(a)(ia) in respect of ERP system software purchased by the assessee and capitalized the same - Held that:- Once the assessee has capitalized the payment in question, then even the assessee has not deducted tax at source on such payment, the provisions of section 40(ia) cannot be invoked for disallowance of the claim of depreciation. Accordingly, we set aside the orders of the authorities below and allow the claim of the assessee.
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